Doug Ducey brought 13 years of experience running a business in the private sector, including time as CEO of Cold Stone Creamery, to his post as Arizona state treasurer. Now, as he and his staff are responsible for managing the state’s $11.4 billion portfolio of taxpayer money on a daily basis, he shares what the state is — and is not — doing effectively in recovering from the Great Recession.Read More »
Arizona has collected $744,000 in taxes for online purchases in the first three months of the year just by adding a line to state income tax forms. But the new use-tax declaration line is set to go away if the Senate passes a bill approved by the House on Thursday and Gov. Jan Brewer signs it into law.Read More »
Differing revenue forecasts pose a challenge for Republican Gov. Jan Brewer and Republican legislative leaders to resolve as they continue negotiations over spending increases proposed by Brewer.Read More »
Mesa businessman Bob Worsley has fired the first shot in the primary race against former Senate President Russell Pearce, calling him out for spearheading a boycott campaign against the advertisers of an alternative newspaper.Read More »
A group of Arizona retailers called on Gov. Jan Brewer this week to support legislation that would tax their online competitors, but the lawmaker trying to help broker the deal says the future of the “Amazon bill” is still unclear. The so-called brick-and-mortar retailers want online companies that have a physical presence in the state to be taxed at the same level they are.Read More »
Graduate students at Arizona’s three public universities will see across-the-board tuition increases in the next academic year, under plans submitted by university presidents and approved by the state Board of Regents today.Read More »
WASHINGTON – Banks are neglecting foreclosed homes in minority neighborhoods compared to those in white communities, according to a housing advocacy group that said it will file Fair Housing Act complaints over the supposed practice.Read More »
Gov. Jan Brewer used a veto of a Tucson development district bill to send a lengthy message to legislators about her budget priorities. Brewer's letter explaining the veto Monday of the Rio Nuevo Multipurpose Facilities District says it is unwise to approve legislation with spending or tax changes before there's agreement on a new state budget.Read More »
An ambitious economic development bill meant to be a follow-up to the 2011 Arizona Competitiveness Package will jettison some of its more contentious provisions due to the Ninth Floor’s concerns that it will cost too much money.
But lawmakers and business groups pushing the bill say they’re optimistic that an agreement will be reached with Gov. Jan Brewer to cut state taxes on capital gains — the core component of the bill — even if they’re unable to achieve the outright elimination many GOP legislators sought earlier in the session.
A bill to require drug testing for all applicants for unemployment benefits is alive but apparently in trouble at the Arizona Legislature. The bill has already been approved by the Senate but it barely emerged from a House committee on a 7-6 vote Thursday.Read More »